Which of the following can be affected by the type of legal structure your company has?

Question

Quizplus · Accepted Answer

The type of legal structure your company has can affect various aspects of your business, such as the authorities you need to notify, taxes, records, and decision-making process. For example, different legal structures have different tax implications and reporting requirements. The decision-making process can also differ depending on whether you have a sole proprietorship, partnership, LLC, or corporation. Therefore, option A is the best choice. Option B is partially correct since taxes can be affected by the legal structure, but the ability to sue the company depends on various factors beyond the legal structure. Option C is incorrect since marketability of the company depends on various factors such as brand value, customer base, industry trends, and competition beyond the legal structure. Option D is incorrect since the legal structure can affect more than just taxes.

Which of the Following Can Be Affected by the Type